15 Prospect St - Restaurant FOR SALE


Southampton, NY 11968- Outlying Eastern Suffolk
$5,500,000 USD
516-729-7963
15 Prospect St, Southampton, NY for Sale
$5,500,000 USD
Restaurant - FOR SALE
1/29
null | Request Cap Rate

15 Prospect St
Southampton, NY 11968
Outlying Eastern Suffolk


OVERVIEW

Formerly hosting some of the most preeminent restaurants in Southampton Village, this iconic space has over 200 seats with 3 dining rooms, a full bar, 4 private parlors, a full bar, 4 private parlors, a lounge, full kitchen, and basement storage. Renovated in 2021, the 6,213 +/- sq. ft. restaurant exudes luxury appeal, expert design and efficient layout. Located on 1.5 acres, there is ample parking, outdoor seating and entertaining space to offer high-volume service and events. This large 2-story restaurant feels larger than its footprint and has a natural flow inside. The front reception leads into an open room with a full-service bar and the first dining room. The end of this dining room opens to two additional dining rooms; a private dining with folding glass walls and the main dining room. This space is full of windows with high ceilings, a piano, and connects to a lounge area with fireplace, couch seating, and billiards table. The first floor includes a series of bathrooms and a full-service kitchen. Upstairs, find four private parlor rooms, each boasting unique aesthetics and offerings. Outside is a covered dining patio, extended stone patio, and extensive lawns to host gatherings or a tent for events.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$671 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

Villa

APN/PARCEL ID

0904-005-00-02-00-027-000

ASK ABOUT THIS PROPERTY

Lee MinetreeSaunders & AssociatesMore Info
516-729-7963

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Lee MinetreeSaunders & AssociatesMore Info
516-729-7963

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.